(Answered) Agency theory provides an explanation for the development

Accounting

Agency theory provides an explanation for the development of accounting theory.

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Discuss agency theory, including its basic assumptions, agency relationships, why the political process affects agency relationships, and why it does or does not explain accounting theory.

Schroeder, Richard G., Myrtle Clark, Jack Cathey. Financial Accounting Theory and Analysis: Text and Cases, 11th Edition. Wiley, 2013-11-04. VitalBook file.

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